Vietravel Airlines has approved a plan to increase its charter capital to 2.6 trillion VND (99.6 million USD) in an effort to bolster financial capacity to expand its fleet and operations.
Vietravel Airlines welcomes its first Airbus A321 aircraft on June 28 (photo: VNA)
Hanoi (VNA) – Vietravel Airlines, a subsidiary of tour operator Viettravel, received its first Airbus A321 aircraft under full ownership on June 28 at the Noi Bai International Airport in Hanoi, marking a significant milestone in the carrier’s restructuring and expansion plan following🐠 the strategic investment from T&T Group.
The ownership of the aircraft ushers in a new stage of development for the airline – one that is proactive, systematic, and sustainable, Vietravel Airlines said.
The newly acquired Airbus A321 has a capacity of 228 seats and is scheduled to begin commercial service in early July. Two Airbus A320s are expected to join its fleet in July, bringing the number of airline-owned aircraft to three.
With the expanded fleet, the airline plans to increase flight frequency on key routes connecting Hanoi and Ho Chi Minh City with destinations such as Da Nang in central Vietnam, Phu Quoc Island off the southern province of Kien Giang, and Quy Nhon city in south-central Vietnam, as well as regional international routes, to meet the surging demand for both tourism and business travel.
According to Do Vinh Quang, Chairman of Vietravel Airlines, owning the Airbus A321 is not only a key step towards realising the airline’s strategy to develop a modern fleet, but also a strong testament to its financial strength and operational capabilities. It affirms the airline’s determination to pursue sustainable growth and build a distinctive brand that earns customer trust and market recognition, he added.
Do Vinh Quang, Chairman of Vietravel Airlines(Photo: VNA)
The airline is also actively negotiating with global aircraft manufacturers and major international carriers to establish comprehensive strategic partnerships in the aviation sector, contributing to strengthening its technological capabilities and operational standards, and enhancing its international standing.
Notably, as part of its growth strategy, Vietravel Airlines has approved a plan to increase its charter capital to 2.6 trillion VND (99.6 million USD). This strategic decision is intended to bolster financial capacity to expand its fleet and operations.
With strategic backing from shareholder T&T Group, the airline is entering a new phase of carefully planned and long-term development, aiming to become one of the leading green, professional modern, and sustainable airlines in the region./.
The airline’s promotion “Hunt for Golden Tickets for a Super Chill Summer” allows customers to get a 20% discount on base fares on all domestic routes by entering the code VUSALE20 when booking via the official website //www.vietravelairlines.com.
Vietravel Airlines has run its inaugural flight connecting Phu Quoc (Vietnam) with Taipei (Taiwan, China), marking a significant step in expanding its international network to major source markets this year.
During a meeting on March 14 with Wouter Van Wersch, Executive Vice President International of Airbus, Prime Minister Pham Minh Chinh praised the aerospace giant’s cooperation with Vietnamese partners, emphasising its role in boosting domestic and international connectivity and driving Vietnam’s socio-economic growth.
The official launch of the Regulatory Sandbox Decree is a milestone in Vietnam’s journey towards digital financial transformation, and a shining example of what strong partnerships and shared vision can accomplish.
The new service operates three times a week on Tuesdays, Thursdays, and Saturdays, using Airbus A321 aircraft with 199 seats, including 12 in business class. The frequency is expected to increase to four flights per week from this November.
Under Circular 17/2024/TT‑NHNN issued on June 28, 2024, by the State Bank of Vietnam (SBV), all businesses must register fingerprints or facial recognition data for their legal representative before they can continue using Internet or mobile banking.
The Deputy PM expressed his support for Airbus’s investment expansion plans in Vietnam, particularly proposals to establish regional aircraft and equipment maintenance centres, as well as component manufacturing facilities at major airports.
The Vietnam National Authority of Tourism, in coordination with the Vietnam Tourism Development Fund, the Vietnamese Embassy in Germany, and Vietnam Airlines, hosted a tourism promotion event in Munich on June 30.
Ambassador Mai Phan Dung, Head of the Vietnamese Delegation in Geneva, spotlighted Norway’s open trade policies, especially its mandatory electronic data exchange through the value-added tax system for e-commerce, which reduces trade costs and streamlines cross-border commerce.
The Ministry of Agriculture and Environment sketched out roadmap for the remainder of the year, targeting 14–15 billion USD in Q3 and at least 16 billion USD in Q4, capitalising on the surge in global demand during the year-end holiday season.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,311 VND/USD and the floor rate 23,805 VND/USD.
Unlike familiar fees such as discounts, shipping or advertising fees, the "platform infrastructure fee" is a new charge applied by Shopee across the system.
The circular, effective from July 1, regulates two entities authorised to issue C/O: the ministry’s Agency of Foreign Trade and organisations authorised by provincial and municipal People’s Committees.
The centre will be directly overseen by State agencies and tasked with verifying the validity of real estate projects, connecting public data sources and streamlining property transactions to ensure the market transparency.
A new trend has also emerged. While capital flow previously led the charge in boosting the retail sector, it is now the retail brands themselves that are reshaping the market. Expansion by fashion, cosmetics, furniture and F&B brands is setting the pace for sector growth and driving renewed investor interest.
The forum is a structured journey of dialogue, moving from local to national levels, from grassroots realities to policy formulation, from the voice of entrepreneurs to government commitments. Its outcomes will be compiled in the Vietnam Private Sector White Paper 2025, offering specific and actionable policy recommendations to the Government, ministries, and local authorities.
Both the IMF and OECD believe that with solid macroeconomic fundamentals, a clear reform agenda, and active involvement from the private sector, Vietnam is well-positioned to maintain stable growth and enhance its position in global value chains.
The BCI for the second quarter of 2025 recorded a slight dip to 61.1, reflecting heightened global uncertainty. However, the overall sentiment remains one of cautious optimism, with Vietnam still viewed as a resilient and promising investment destination.
Economic experts described this as a major shift in tax administration aimed at enhancing the efficiency of tax collection from the fast-growing online business sector, which still faces gaps in data transparency and tax declaration compliance.
The National Data Development Fund has been established, operating as a non-budget state financial fund with an initial capital of 1 trillion VND (38.4 billion USD).
